CAR Conference Speaker: Vehicle Sales Will Slow But Remain Robust

LAS VEGAS – Vehicle sales will slow, but will remain robust in the next few years, said Nicholas Lobaccaro of Lehman Brothers. Lobaccaro gave several points in discussing his outlook for the used-vehicle industry:

  • Sales will slow, but will remain robust. "If the industry used to be happy with 15 million vehicles sold, they’ll be happy in the next few years," Lobaccaro said.
  • Other trends that Lobaccaro predicted were that hybrid vehicles will go up in sales, and cars would decline. Traditional trucks will hold their own or decline a bit. Also, the Internet will drive marketing and cost efficiencies, and will improve customer satisfaction.
  • There will be an increased supply of near-new vehicles. Vehicles will have improved quality. Customers will have improved access to credit. There will continue to be higher volumes of off-lease vehicles.
  • Comment On This Story

    Name:  
    Email:  
    Comment: (Max. 10000 characters)  
    Please leave blank:
    * Please note that every comment is moderated.

     
     

    Newsletter: Sign up to receive latest news, articles, and much more.

    Read the latest

    Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

    Another Ridiculous “Used Fleet Vehicle” Scandal

    While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

    Will IoT Herald a New Era in Fleet Efficiency?

    With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

    Will Cars Become Transportation Appliances?

    The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

    Job Finder: Access Top Talent. Fill Key Positions.

    >